Gemini Explorations Inc. Reports Illegal Naked Short Interest
Position and Restates Total Number of Issued and Outstanding
Shares Reduced to 32,500,000
2007-06-07 12:10 ET - News Release
MIAMI, FL -- (MARKETWIRE) -- 06/07/07
Gemini Explorations Inc.
("Gemini") (OTCBB: GMXP) reports that after reviewing
the company's stock with an independent analyst, there is
an illegal naked short interest position of
approximately 3.5 to 4 million shares in GMXP.
This is in very sharp contrast to the OTCBB.com report
showing the short interest to be 23,972 shares as of
May 31, 2007.
NASD Rule 3360 has been expanded to require NASD member
firms to report their short positions on all over-the
counter ("OTC") equity securities to NASD Regulation,
on a monthly basis.
Once the short position reports are received, the
short interest is then compiled for each OTC security.
Firms are required to report their short positions as
of settlement on the 15th of each month, or the
preceding business day if the 15th is not a business day.
The reports must be filed by the second business day after
the reporting settlement date.
The short interest data is compiled and provided
for publication on the 8th business day after the
reporting settlement date.
It's time the Sec.com regulators started regulating???...
(1000 investors have said the the sec.com is in bed -
with the 666nss911evilz? -
so if that the case? you should get min. 100yrs in
jail with a fair Gov. trustworthy 888judges)!
Thanks for bringing that to our attention JS! http://www.jsmineset.com/
God Bless America - http://www.youtube.com/watch?v=-Rnf7DS5YlQ
In God We Trust -